My excuse "was" I am waiting for the right property that I will feel comfortable enough with to take that first giant step.

Since buying and holding real estate is the same all over the planet I thought of starting to look for a mentor.I generally understand most of the concepts and steps of the process, but having a mentor to follow along would be just perfect.

I am thinking that I might sell the residual which as you can see is worth $45,000. and invest in something that is worth much more and historically proven to appreciate substantially.

Months will go by and eventually the bank will step in to offer the property on the MLS as a shot-sale, the bank is selling the property (sometimes with the owners help) as a loss and is not receiving all the money the originally lended.

The steps in foreclosure and what you must do follow a certain order.(...)Process may be slow.

I have been an active real estate broker specializing in commercial properties for 10 years.I have invested in a few smaller properties, but want to step it up and get involved with larger properties.

Does anyone know where i can find a break down of the P&S step by step explantion.

But in a short reply from the New Jersey, they indicated that my definition of birddogging was stepping on the activities of a real-estate broker which requires a license.My definition of birddogging was both/either1) Merely finding information and presenting a possible deal to an investor with a finder's fee contingent on the closing of the deal2) Or finding a property and representing the seller in a short sale and then finding an investor to buy and taking a fee upon close of the sale-- not sure if that is what other birddogs are doing, but from what I read, these two options seem to be the majority of the activities --I am currently requesting a copy of the State of New Jersey's real estate commission's guidelines and regulations on paper so i can read through it a bit more.

Application Process This describes a typical step-by-step application/mortgage origination process for a transaction involving the purchase and rehabilitation of a property.

Looking forward to making that first step.